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    676 N Broad Street

    PHILADELPHIA, PA 19130
    • $3,350,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: PAPH949598
    $3,350,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Qualified Opportunity Zone new development site in Fairmount/North Broad section of Philadelphia, Pennsylvania. Totaling 8250 SF with prominent corner exposure, this QOZ site is suited for high density multifamily by right. Condos or apartments would fulfill swelling residential demand in an inventory starved market. The best and highest use shows a by right + bonus multifamily plan featuring 67 residential dwelling units, 3000 SF of ground floor commercial, 12 underground parking spaces. This 115 foot tall Building would contain 57,300 SF with 11 storeys. Alternatively a by right design with no bonuses would feature 44 residential dwellings, 2680 SF of ground floor commercial, 8 surface parking spaces. This 75 foot tall Building would contain 41,000 SF with 7 storeys. Both designs would feature studios, 1 bedroom and 2 bedroom apartments plus an elevator and rooftop terrace. Additional bonuses are available to achieve higher density as well. The Location is surrounded by progressive new development in every direction including Divine Lorraine, 1300 Fairmount (478 new units plus Aldi Grocer), Stable Lofts + more. The area is bound by Fairmount and Francisville to the west, Temple University to the north, Center City Philadelphia to the south and North Broad due east. The site sits right atop the Septa Broad Street subway line at Fairmount Avenue for the ultimate transit oriented development access. Hurry to secure the coveted full 10 year tax abatement while it lasts. MAKE YOUR MOVE!

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-01-21T23:51:05.913.
    www.locomusings.com/homes/111388347
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    676 N Broad Street PHILADELPHIA, PA 19130

    • Price: $3,350,000
    • Status: Active
    • ID#: PAPH949598
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1970
    Built
    Neighborhood:
    19130 (19130)
    County:
    Philadelphia
    Area:
    19130 (19130)
    School District:
    The School District Of Philadelphia
    Property Description
    Qualified Opportunity Zone new development site in Fairmount/North Broad section of Philadelphia, Pennsylvania. Totaling 8250 SF with prominent corner exposure, this QOZ site is suited for high density multifamily by right. Condos or apartments would fulfill swelling residential demand in an inventory starved market. The best and highest use shows a by right + bonus multifamily plan featuring 67 residential dwelling units, 3000 SF of ground floor commercial, 12 underground parking spaces. This 115 foot tall Building would contain 57,300 SF with 11 storeys. Alternatively a by right design with no bonuses would feature 44 residential dwellings, 2680 SF of ground floor commercial, 8 surface parking spaces. This 75 foot tall Building would contain 41,000 SF with 7 storeys. Both designs would feature studios, 1 bedroom and 2 bedroom apartments plus an elevator and rooftop terrace. Additional bonuses are available to achieve higher density as well. The Location is surrounded by progressive new development in every direction including Divine Lorraine, 1300 Fairmount (478 new units plus Aldi Grocer), Stable Lofts + more. The area is bound by Fairmount and Francisville to the west, Temple University to the north, Center City Philadelphia to the south and North Broad due east. The site sits right atop the Septa Broad Street subway line at Fairmount Avenue for the ultimate transit oriented development access. Hurry to secure the coveted full 10 year tax abatement while it lasts. MAKE YOUR MOVE!
    Exterior Features

    Construction Materials Masonry Garage YN No Lot Features CornerAdditional Lot(S) Parking Types None Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 8250.00 Cooling None Heating None Net Square Feet 8250.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment BuildingHotel/MotelOther/General RetailProfessionalSupermarket/Grocery StoreOther Central Air YN No Cooling Fuel None Heating Fuel None Hot Water None Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304374411446 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 3140.00 Tax Assessment Amount 224300.00 Tax Lot 93 Vacation Rental YN No Water Source Public Zoning Cmx4

    Listing courtesy of Compass Pennsylvania, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-01-21T23:51:05.913.
     
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    Leesburg VA, 20176